Super Group (SGHC) (SGHC) Research & Development (2021 - 2026)
Super Group (SGHC)'s (SGHC) quarterly Research & Development came in at -$436.0 million in Q2 2026, down 6.86% year-over-year from -$468.1 million in Q2 2025, and down 3.32% quarter-over-quarter from -$422.0 million in Q1 2026.
Analysis
Super Group (SGHC) (SGHC) Research & Development (2021 - 2026) Analysis & Trends
Super Group (SGHC) (SGHC) has reported Research & Development for 6 consecutive years, with -$436.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development fell 6.86% year-over-year to -$436.0 million in Q2 2026; TTM through Jun 2026 was -$1.6 billion, a 10.01% decrease from a year earlier, with the FY2025 full-year figure at -$1.6 billion, down 13.9% from the prior year.
- Research & Development was -$436.0 million for Q2 2026 at Super Group (SGHC), down from -$422.0 million in the prior quarter.
- Over five years, Research & Development peaked at -$228.8 million in Q3 2022 and troughed at -$652.0 million in Q2 2024.
- A 5-year average of -$358.6 million and a median of -$352.0 million in 2024 frame the typical range for Research & Development.
- Across the five-year window, Research & Development surged 70.28% in 2022 and tumbled 115.9% in 2024, its largest moves.
- Over 5 years, Research & Development stood at -$228.8 million in 2022, then sank by 47.19% to -$336.8 million in 2023, then declined by 9.92% to -$370.2 million in 2024, then slipped by 12.92% to -$418.0 million in 2025, then decreased by 4.31% to -$436.0 million in 2026.
- The last three Research & Development figures came in at -$436.0 million (Q2 2026), -$422.0 million (Q1 2026), and -$418.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.32 Bn | 15.76 Bn | 1.71 Bn | 1.01 Bn |
| 2 | DraftKings | 11.73 Bn | 10.74 Bn | 551.45 Mn | 322.54 Mn |
| 3 | Super Group (SGHC) | 7.05 Bn | 6.50 Bn | - | -436.00 Mn |
| 4 | Rush Street Interactive | 2.98 Bn | 2.64 Bn | 139.66 Mn | - |
| 5 | Codere Online Luxembourg | 418.56 Mn | 349.13 Mn | - | - |
| 6 | Meridian Holdings | 168.45 Mn | 151.13 Mn | 26.85 Mn | - |
| 7 | High Roller Technologies | 54.19 Mn | 51.53 Mn | - | - |
| 8 | VIP Play | 24.98 Mn | 24.89 Mn | -313,000.00 | 124,000.00 |
| 9 | Apple iSports | 16.64 Mn | 16.64 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -436.00 Mn |
| Mar 31, 2026 | -422.00 Mn |
| Dec 31, 2025 | -418.00 Mn |
| Sep 30, 2025 | -371.00 Mn |
| Jun 30, 2025 | -408.00 Mn |
| Mar 31, 2025 | -367.00 Mn |
| Dec 31, 2024 | -370.16 Mn |
| Sep 30, 2024 | -352.00 Mn |
| Jun 30, 2024 | -652.00 Mn |
| Mar 31, 2024 | -330.00 Mn |
| Dec 31, 2023 | -336.76 Mn |
| Sep 30, 2023 | -294.83 Mn |
| Jun 30, 2023 | -301.99 Mn |
| Mar 31, 2023 | -295.93 Mn |
| Sep 30, 2022 | -228.80 Mn |
| Jun 30, 2022 | -240.83 Mn |
| Mar 31, 2022 | -270.17 Mn |
| Sep 30, 2021 | -769.91 Mn |
| Jun 30, 2021 | -540.30 Mn |
| Mar 31, 2021 | -258.68 Mn |